CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 23 to the registration statement on Form N-1A ("Registration
Statement") of our report dated June 19, 2000, relating to the financial
statements and financial highlights which appear in the May 31, 2000 Annual
Report to Shareholders of T. Rowe Price GNMA Fund, which are also
incorporated by reference into the Registration Statement. We also consent
to the references to us under the headings "Financial Highlights" and
"Independent Accountants" in such Registration Statement.
PricewaterhouseCoopers LLP
Baltimore, Maryland
September 27, 2000
PricewaterhouseCoopers LLP
Baltimore, Maryland
